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Income Tax (Tables)

12 Months Ended

Dec. 30, 2017

Income Tax Disclosure [Abstract]

Summary of Income Tax Provision for Continuing Operations

The income tax provision for continuing operations is made up of the following components:

(In thousands)	2017					2016					2015
Current income tax expense:
Federal	$		366			$		22,936			$		31,437
State			528					3,210					3,144
Total current income tax expense			894					26,146					34,581
Deferred income tax (benefit) expense:
Federal			(72,842	)				6,509					3,255
State			(7,079	)				252					(743	)
Total deferred income tax (benefit) expense			(79,921	)				6,761					2,512
Total income tax (benefit) expense	$		(79,027	)		$		32,907			$		37,093

Reconciliation of Statutory Federal Rate to Effective Rate

A reconciliation of the statutory federal rate to the effective rate is as follows:

	2017					2016					2015
Federal statutory income tax rate		35.0		%			35.0		%			35.0		%
Federal rate change effect on deferred taxes		19.7					—					—
State taxes, net of federal income tax benefit		3.1					2.5					1.6
Stock compensation		1.0					—					—
Other, net		0.8					(0.6	)				0.5
Charitable product donations		0.4					(0.5	)				(0.3	)
Tax credits		0.2					—					—
Domestic production activities deduction		0.1					(0.3	)				(0.2	)
Non-deductible expenses		(0.3	)				0.5					0.4
Effective income tax rate		60.0		%			36.6		%			37.0		%

Summary of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities resulting from temporary differences as of December 30, 2017 and December 31, 2016 are as follows:

				December 30,					December 31,
(In thousands)				2017					2016
Deferred tax assets:
Employee benefits				$		19,311			$		30,626
Accrued workers' compensation						1,620					2,624
Allowance for doubtful accounts						1,974					2,945
Intangible assets						56					2,060
Restructuring						2,322					6,087
Deferred revenue						1,552					2,990
Accrued rent						3,853					3,555
Accrued insurance						921					1,279
All other						2,725					4,417
Total deferred tax assets						34,334					56,583
Deferred tax liabilities:
Property and equipment						34,199					52,401
Inventory						31,454					46,332
Goodwill						10,083					79,904
All other						648					1,189
Total deferred tax liabilities						76,384					179,826
Net deferred tax liability				$		42,050			$		123,243

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

				December 30,					December 31,
(In thousands)				2017					2016
Balance at beginning of year				$		2,369			$		2,211
Gross increases - tax positions taken in prior years						213					184
Gross decreases - tax positions taken in prior years						(123	)				(2	)
Gross increases - tax positions taken in current year						872					718
Lapse of statute of limitations						(923	)				(742	)
Balance at end of year				$		2,408			$		2,369

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of the change in unrecognized tax benefits.

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